Good morning and welcome to the Weekender for Saturday, November 18, 2022. US equity markets didn’t do much this week. As measured by the S&P 500, they were lower by -0.69%. Mostly flat. However, despite the relative calm, a lot of market and economic data was released that is worth considering. Inflation data at the producer level, PPI, showed a similar decline to the previous week’s consumer data. Economic softness is becoming wider spread suggesting the extreme softness, already taking over the United Kingdom and Europe, is making its way to the United States and Asia.
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